12. Abdul Karim Telgi-convicted Indian counterfeiter :-. (Majority Bharatiya politicians are corrupt, and their transactions are scandals, since Independence to till this day, Congress leading in this, others to follow!!! except few good Characters!)

Abdul Karim Telgi

Opinion
28/03/2016.
    387.

    All Members,
    Respected family members of this great holy Nation.

  Sub : Majority Bharatiya politicians are corrupt, and their transactions are scandals, since Independence  to till  this  day, Congress leading in this, others to follow!!! except few good Characters!

 Ref : 12. Abdul Karim Telgi-convicted Indian counterfeiter :-

Abdul Karim Telgi (born 1961) is a convicted Indian counterfeiter.
He earned money by printing counterfeit stamp paper in India.

Sharad Pawar, then the chief of NCP party

He cited Sharad Pawar, then the chief of NCP party, name in relation to a  US$8.9 billion  stamp-paper scam, during a narcoanalysis filmed by various Indian news channels, wherein he also mentioned NCP leader, and former Deputy Chief Minister of Maharashtra Chhagan Bhujbal.

 Deputy Chief Minister of Maharashtra Chhagan Bhujbal

Early life :

Telgi's mother was Shariefabee Ladsaab Telgi, and his father was an employee of Indian Railways.
His father died while he was young.
Telgi paid for his own education at Sarvodaya Vidyalaya Khanapur, an English medium school, by selling fruit and vegetables on trains.
Eventually, he moved to Saudi Arabia.
Seven years later, he returned to India, at which time he began a career in counterfeiting, originally focusing on fake passports.

Counterfeiting career :

Telgi moved to more complex counterfeiting when he began to counterfeit stamp paper.
He appointed 350 people as agents who sold the fakes to bulk purchasers, including banks, insurance companies, and stock brokerage firms.
The size of the scam was estimated to be more than US$4.8 billion.
One aspect of the scandal that caused much concern was that it required the involvement of many police officers and other government employees including Nikhil Khotari.
For example, one Assistant Police Investigator was found to have a net worth of over US$15 million, despite making a salary of only US$130 per month.

On 17 January 2006, Telgi and several associates were sentenced to 30 years rigorous imprisonment.
 On 28 June 2007, Telgi was sentenced to rigorous imprisonment for 13 years for another aspect of the scandal.

He was also fined US$150 million. The Income Tax

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